Paul Costello

Investment Strategy

Paul Costello joins board of $6.2bn Qantas Super

Paul Costello has been appointed as a employer representative director of the Qantas Super Board. He will join four other employer nominated directors all of whom are appointed for an indefinite period of time, subject to a formal performance assessment process every year. He joins following General Sir Peter Cosgrove’s departure in January, which led […]
Investment Strategy

Jeremy Cooper to review progress so far

The creators of the principals behind Stronger Super regulation are to publicly assess how far the industry and the regulator have progressed in enacting their vision. Both Jeremy Cooper and Paul Costello will be talking in Sydney and Melbourne at the Investment Management Consultants Association in Sydney on November 26 and in Melbourne on November […]
Policy and Regulation

MySuper to split fund industry

Cost pressures arising from MySuper could split the default superannuation market into cheaper and more expensive funds that deliver varying investment returns to consumers. Some super funds will set low caps for investment costs and others will pay more as they seek better returns net of fees for MySuper members, says Paul Costello, the former […]
Investment Strategy

Paul Costello will review default funds

An eight month review by a government-appointed panel on default superannuation funds is expected to begin next month. The Productivity Commission will be tasked with designing a process for the selection and ongoing assessment of superannuation funds nominated as default funds. “It seeks to develop transparent and objective criteria against which funds wishing to be […]
Hedge Funds

Let's work together…quickly: Stronger Super chair

The chair of the Stronger Super Committee, Paul Costello, said the time for ideological argument was over and the industry should work constructively to implement the Government’s response to the Cooper Review, a report on which he will hand to the Treasury as early as May.